Needing to refinance.....

I have this auto loan, which was opened in April 2012. It has an obnoxiously high interest rate which is what I am trying to reduce, ultimately. Since being a new NFCU member, I would like to apply for the refinance with them, of course.

Opinions?

My history with the last 3 car loans:

1 - Repo in 2010

2 - New auto loan in early 2011. Paid every payment on time, no lates, sold car outright and made some money.

3 - New auto loan in April 2012. Paid every payment on time, no lates.

I'm looking for advice here on what my chances are with getting an approval from NFCU before I apply with them.

Re: Needing to refinance.....

Good luck, please update us. I have a current auto loan with Navy Fed. and my interest is 12.79% with a credit score at the time of 576. I tried a couple of re-fi options today with USAA and Wells Fargo, both denied with a current score of 598. I probably should have waited until my scores were at least 600. However, I got on here and saw some success stores of re-fi with scores lower than my current 598 and figured, what the heck. Well after two know downs, my confidence in re-fi is pretty low right now.

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